SHIB burn rate plummets despite SHIB community's recent requests to burn more
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As for the weekly burn rate, it is now showing a decline of almost 35%, with 67,808,766 SHIB burned in all, according to the tweet.As reported by U.Today recently, some members of the SHIB community began to demand that the SHIB team accelerate this process and begin locking much bigger amounts of SHIB in dead-end wallets. They believe that burning from 35% to 90% of the circulating supply would propel the SHIB price up significantly, perhaps even allowing the meme coin to reach $1.
Meanwhile, the SHIB price has demonstrated an 8.2% surge over the past 24 hours but went down a little earlier today.
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